The Birch Group Acquires Long Island Office Building For $213M

The office property located at 2 Jericho Plaza in Long Island was recently sold for a total amount of $213,000,000. The property spans 695,000 square feet, resulting in a price per square foot of $306. The transaction took place on January 4, 2022.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $213,000,000
• Address: 2 Jericho Plaza
• Market: Long Island

The buyer of this office property was The Birch Group, while the sellers were DRA Advisors and Onyx Equities. The deal was facilitated by the brokers Phil D'Avanzo, David Bernhaut, Gary Gabriel, Andrew Merin, and Ryan Larkin of Cushman & Wakefield.